Executive Underwriter - Property at Allianz Global Corporate & Specialty SE

Houston, Texas, United States -

Full Time

Start Date

Immediate

Expiry Date

03 Jan, 26

Salary

175586.0

Posted On

05 Oct, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Underwriting, Negotiation, Relationship Management, Risk Assessment, Training, Leadership, Natural Catastrophe Accumulation, Market Management, Policy Documentation, Business Development, Insurance Products, Data-Driven Decision Making, Coaching, Complex Business Management, Client Management, Performance Analysis

Industry

Financial Services

Description

We are looking for an Executive Underwriter for our office in Houston, Texas for our property line of business.. Your Team Allianz Commercial (AzC) specializes in corporate property insurance for the most complex and challenging risk exposures in more than 200 countries and territories. With a focus on larger international risk portfolios, we offer tailor-made 'All Risks' property damage and business interruption insurance through our gAllianz Commercial Propertyal network. Our experience speaks for itself, insuring the majority of GAllianz Commercial Propertyal Fortune 500 companies, managing over 1000 gAllianz Commercial Propertyal property insurance programs, and fielding an underwriting team averaging over 20 years’ experience, backed up a worldwide team of risk consultants and claims specialists. When it comes to underwriting insurance products for well-known famous sports venues, sports/entertainment facilities, major airlines, retail/wholesale companies, banks and manufacturers, we do it all! The Impact You Will Have Reporting to the Regional Property Leader – Southeast, this position will take prime responsibility for underwriting profitable new and renewal business to meet Allianz Commercial Property(s) targets in accordance with underwriting guidelines and underwriting authority. You will negotiate price and terms and conditions, as well as develop and maintain strong relationships with producers and clients in partnership with Market Management. You will take ownership of large/key accounts and clients including negotiation of participation, pricing and terms and conditions. Some of your specific responsibilities could include: Underwrite profitable new and renewal business to meet Allianz Commercial Property(s) targets in accordance with underwriting guidelines and underwriting authority Negotiate price and terms and conditions Training and development of team and referral point for senior underwriters Develop and maintain strong relationships with producers and clients in partnership with Market Management Ownership of large / key accounts and clients including negotiation of participation, pricing and terms and conditions Underwriting Strategy & Leadership Contribute to development and execution of regional Underwriting strategy for Allianz Commercial Property regionally Training, developing and coaching of experienced staff (including Senior Underwriters) Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate Delegate work as appropriate Underwrite Profitable business Underwrite new and renewal accounts to meet top and bottom line targets Negotiate price and terms and conditions with producers. Proactively manage capacity Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios. Underwrite International Insurance Programs (for relevant Allianz Commercial Propertys) Relationship Management Positively represent AGCS externally to the market Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations Develop and maintain strong relationships with key producers and clients and other relevant stakeholders (e.g. risk managers) Policy Documentation and Administration Ensure accurate policy documentation issued to producers (where AGCS responsibility to do so) or producers has issued documentation (where producer responsibility) File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled. Proactively support completion of policy administration and credit control processes Market Management Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary) Proactively liaise with MMC on market management initiatives Support Key Business Initiatives/Misc.: Participate / contribute to key projects Training and development of underwriters in Allianz Commercial Property, e.g. Associate Underwriters and Underwriters Referral point for other underwriters Participate in cross regional activities as required / requested What You’ll Bring to the Role Proven track record in Underwriting profitable business in Allianz Commercial Property with greater than 7 years environmental experience Preferably degree in Economics, Finance, Insurance Mgmt, or Business Administration In depth understanding of Property products and portfolio In depth understanding of regional / local Allianz Commercial Property (s) insurance markets and competitor landscape Demonstrable, established relationships with brokers at peer group level and well established within local market Ability to assess risk inherent exposures and natural hazards relevant to Allianz Commercial Property Ability to assess risk inherent exposures and natural hazards relevant to Allianz Commercial Property Analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance Apply the knowledge of how the market operates and functions, the business needs and customer needs Ability to utilize AI tools to support day-to-day tasks, improve efficiency and contribute to data-driven decision making. The annualized base pay range for this role is $116,221 - $ 175,586. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by several factors, including the scope, complexity and location of the role, the skills, education, training, credentials, and experience of the candidate. The base pay is just one component of the AzC total compensation package. As part of our comprehensive compensation and highly rated benefits programs, employees are also eligible for annual performance-based cash incentive awards. 82318 | Underwriting | Professional | Non-Executive | Allianz Commercial | Full-Time | Permanent

Responsibilities

The Executive Underwriter will be responsible for underwriting profitable new and renewal business, negotiating price and terms, and developing strong relationships with producers and clients. This role also involves training and developing team members and managing complex referrals.